PARIS, July 31 (Reuters) - Jet engine and equipment
maker Safran reaffirmed financial targets as it posted
higher first-half profit on Wednesday, led by growth in the
demand for spares and maintenance for existing aircraft and an
end to losses in aircraft interiors.
The French aerospace company said recurring operating income
rose 41% in the first half to 1.974 billion euros ($2.14
billion) as sales rose 19% to 13.047 billion euros.
Safran expressed confidence in its ability to reach 2024
financial targets, especially at the operating level, but
joined U.S. partner GE Aerospace in trimming the outlook
for growth in LEAP jet engine deliveries to between zero and 5%
from a previous target of 10%-15% amid supply chain problems.
Safran and GE Aerospace jointly own CFM International, the
world's largest jet engine maker by volume, whose engines power
all Boeing 737s and about half of the competing Airbus
A320 family.
($1 = 0.9239 euros)
(Reporting by Tim Hepher; Editing by Mrigank Dhaniwala)